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Gold/Mining/Energy : Century Mining Corporation

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To: hubris33 who wrote (424)	6/9/2007 9:59:10 PM
From: John McCarthy	Read Replies (1) of 545

Hi H3 - Here goes nothing ... Current Assets..................9,348,691 Current Liabil................ 18,391,691 ----------------------------------------- Net Working Capital Deficit...<9,043,000> ========================================= Same as your number. EBIT - I would use what you used and this sort of bears it out - meaning - it should include earnings from "ongoing" operations (and not the 1 time stuff) prior to deductions for taxes and interest expense. benisource.com Retained Earnings: We can be SURE that it is the Deficit Number reported in the Equity section of the Balance Sheet of approx. $15 million because oddly - from an American reporting point of view .... their P&L presents Deficit beginning of period then REDUCES the Deficit amount by reported Net Income to arrive at a Deficit number - end of period. In as much as the only thing that should go into Retained Earnings is P&L Net Income/(Loss) I would consider it equivalent to Retained Earnings. FWIW - regards, John

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